Wednesday, December 3, 2014

Option Open Interest for 03-12-2014

Inference
The index opened flat and stayed in a very narrow range of just 39 points for entire session with a slight bullish bias and closed at 8537.65, small gain of 12.95 points. The broader market was also positive, with 1115 advances to 422 declines. Range for Nifty as per OI Table comes to 8300-8700.
  • Call option 8500-9000 added huge 18.48 lacs OI with profit booking seen at 9100 strike price.
  • Put option 8600-8100 added huge 11.13 lacs OI with profit booking seen at 8000 and below strike prices.
  • Nifty Open Interest is at 2,05,17,550 down by 8,78,350, with not much change in price, probably huge long liquidation.
  • Bank Nifty Open Interest is at 18,68,425 up by 7,800, with increase in price, probably long build-up.
  • FII’s sold huge 11.82 lacs Futures, which includes 40144 contracts long liquidation and 7141 contracts short build-up, with decrease in net OI by 33003 contracts (includes 36043 longs to 83328 shorts for the day) and the Average Price comes to 8777.31.
  • FII’s Index future open contract as on date is 630229 Longs to 67441 Shorts, net long 562788 down by 47285 contracts.
  • Initial and best support still at 8500, with OI of 49.96 lacs and below that at 8400 with OI of 44.58 lacs.
  • Initial good resistance at 8600, with OI of 54.91 lacs and above that at 8700 with highest OI of 56.10 lacs.
  • Day Range as per Option Table is 8478 - 8586 and as per VIX is 8482 - 8593 with 8531 as the Pivot.
India VIX : 12.37 down by 0.03 points
Call OI : 44968100
Put OI : 38437275
PCR OI : 0.855
SMR : 14.47 (Bullish with Caution: ...)